Amendment status not verified — confirm the current text below against the official source.
(1) Where any dispute arises in respect of any matter specified below, it shall be decided by the Commission in its capacity as an Arbitrator who shall determine --- (a) whether any property belonging or any right, liability or obligation attaching to the company vests in the State Government or the Board; (b) whether any assets forms part of the fixed asset of the company; (c) whether any contract or hire purchase agreement or other contract has been entered ·into bonafide relating to the project. (2) Subject to the provisions of this section, the prov· sions of the Central Arbitration and the Conciliation Act, 1996 shall apply to all arbitrations An 26 under this Act and aH awards shall be passed on reasoqs. of 1996. Power to